The EUR/USD currency pair is poised for a breakout of this large symmetrical triangle pattern. An upside breakout would likely bring the EURO to at least the 115 level while a downside break (below 1.08) would most likely send the Euro back towards its all-time lows below the 105 level. Whichever way this pattern breaks is likely to have an impact on commodities & other dollar sensitive assets. Based on the current proximity to the apex of this pattern, a breakout in either direction is most likely to occur within the next two weeks.
EUR-USD daily Aug 5th